Innovation Lab News
Showing Posts by: Defining Innovation
By Larry Stofko In early January, The Innovation Institute and Sheppard Mullin hosted a “Healthcare VC and Early-Stage Investors” lunch gathering and roundtable at the 2023 JP Morgan Healthcare conference held on January 9-11 in San Francisco. The facilitated discussion was attended by members of MultiCare Capital Partners, 7wireVentures, Echo Health Ventures, and Amazon…
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Trained as a medical doctor and cancer researcher, Dr. Nishi Viswanathan has spent most of her career as an entrepreneur and business professional. She’s always looking for innovative breakthroughs to drive better health outcomes and lower the cost of care. And she’ll be the first to tell you when it’s time to talk about commercializing…
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The word “creativity” is usually associated with fine arts or hobbies, not healthcare. But health systems are actually filled with scientists and caregivers who use creativity to solve problems involving a very complicated organism: the human body. Creative thinking helps us imagine ways in which we can provide better care for our patients and their…
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By Ryan Kelly At this very moment, someone on your frontline staff is pondering a really good idea for improving some aspect of healthcare. It could be a medical device. It could be a digital tool. What will happen to that idea? Usually, the answer is nothing. Or the innovator will give it away to…
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“There’s got to be a better way.” This common phrase “is like a homing beacon,” says Innovation Lab General Manager Ryan Kelly, that indicates a pressing, unmet need and a new product opportunity. Healthcare professionals find themselves thinking it all the time, so they become experts in developing creative workarounds. Here’s one example. The standard…
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By Suzy Engwall In healthcare, some problems are so enormous and complex that a solution has long seemed impossible. Artificial intelligence and machine learning promise new insights into these multifactorial challenges, as we learned at our recent Startup Demo Day: AI and Machine Learning. Not only that, but artificial intelligence in healthcare is enabling humans…
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Even in a year of intense pressure on frontline healthcare workers, creative innovation never stopped. General Manager Ryan Kelly looks back at the highlights of 2021.
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By Melissa Goodwin Transferring patients suffering behavioral health crises from Emergency Departments (EDs) in hospitals from coast to coast into proper care is a largely manual process involving many stakeholders. But as the Innovation Lab and Bon Secours Mercy Health (BSMH) seek to prevent potential complications and delays in this widespread process, it isn’t just about…
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Innovation emerges in countless different ways. Sometimes you walk straight into a problem and an effective solution appears right in front of you. Sometimes, however, you find yourself struggling with a problem so complicated and ambiguous that you don’t know exactly what you need to (and can) solve. Enter design thinking.
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A pandemic can’t hold great ideas and solutions at bay, especially when it comes to improving healthcare for young patients. In fact, the coronavirus environment is generating a new slate of tough challenges to solve if we’re to successfully navigate today’s world. Getting to the right answers is about creating an opportunity for smart people…
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